KBC Market Research Desk
KBC Bank
European shares show broad‐based gains today with most indices gaining up to 1.5%, supported by easing measures in China and upbeat eco data. US Equities trade higher too, for a second straight session.
A German spokesman said today that the euro zone would give Athens no further financial aid until it has a more detailed list of reforms and some are enacted in law. Greece’s creditors discussed the list of reforms over the weekend.
The ECB announced today that it settled €41 billion of public sector purchases as of March 27, indicating that they bought €15.7 billion in the week between March 20 and 27.
China ramped up efforts to support its flagging housing market as the People’s Bank of China announced today that buyers of second homes would be required to take a minimum down payment of 40%, down from 60% previously. It was the second such move in six months.
US personal income rose more than expected in February and spending picked up following two consecutive monthly declines, but the uptick was more limited than forecast. The core PCE surprised on the upside too, rising from 1.3% Y/Y to 1.4% Y/Y.
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.
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